i'm the executive stricter of the federation for america. once again, i have the privilege of introducing michael barr, professor of law at the university of michigan. the last time michael spoke at a an event was in december, 20009 while serving as assistant secretary of the treasury department. in this capacity he played a key role in developing financial services reform legislation and was the head of fenestration which leader in advocating reform and notably the consumer financial protection board. for that contribution alone, consumers and the consumer movement will remain forever in his step. we greatly appreciated the speech even if it and all of their speeches of the treasury have been written by someone else as he noted it is going away reception. so we now greatly look forward to hearing him express his own personal view and his own words on the subject of the financial challenges facing american households. michael barr. [applause] thank you. this just shows what a wonderfully optimistic and 90's person steve is. [laughter] he cle